H-P Unveils Details in Case Against Autonomy

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Robert McMillan Hewlett-Packard Co. said Autonomy Corp. improperly reported $709 million in revenue over 2 1/2 years before H-P bought the British software maker for $11 billion in 2011, as it fleshed out fraud allegations against former Autonomy executives. ...

Kocherlakota: Fed Shouldn't Raise Rates in 2015

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Ben Leubsdorf The Federal Reserve shouldn't raise its benchmark short-term interest rate in 2015, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota reiterated Tuesday. The U.S. central bank "can best achieve its objectives by keeping the fed funds rate ...

J.P. Morgan Chase Details New Probes in Filing

TODAY: May 6, 2015 PUB DATE: May 6, 2015

J.P. Morgan Chase & Co. detailed new investigations and updated other regulatory probes in its latest quarterly filing Tuesday afternoon. The largest U.S. bank by assets said it is in "advanced stages" of discussions with the Justice Department and the ...

Australia Retail Sales Rise less Than Expected

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By James Glynn SYDNEY--Australian retail sales rose by a less-than-expected 0.3% in March from February, and by a lower-than-anticipated 0.7% in the first quarter from the final three months of last year. Economists had been expecting a 0.4% increase in ...

States Look to Boost Taxes--update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By John D. McKinnon and Matthew Dolan About a dozen states--including several led by Republican governors--are considering significant tax increases this year, despite the success of antitax conservatives in the 2014 elections. In the latest round of the debate, Michigan ...

A Forlorn End To California's Aviation Glory

TODAY: May 6, 2015 PUB DATE: May 6, 2015

(FROM THE WALL STREET JOURNAL 5/6/15) By Tarun Shukla Boeing Co. has started selling off giant equipment from its military-jet plant in Southern California, in an unusual factory auction that will close a chapter in the region's history as a ...

Senate Passes Budget Agreement--Update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Nick Timiraos The Senate passed a bicameral budget agreement Tuesday following its adoption by the House last week and marking the first joint budget resolution to pass Congress since 2009. The proposal, which outlines deep cuts to eliminate deficits ...

Senate Passes Budget Agreement

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Nick Timiraos The Senate passed a bicameral budget agreement Tuesday, following its adoption by the House last week and marking the first joint budget resolution to pass Congress since 2009. The proposal, which outlines deep cuts to eliminate deficits ...

Rothesay Life Completes $1 Billion Buyout of Lehman Pensions

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Patrick Fitzgerald Corporate pension insurer Rothesay Life on Wednesday completed a GBP675 million ($1.02 billion) buyout of the pension plan for Lehman Brothers' European arm. Under the deal, the London-based insurer will take over the liability for the defined-benefits ...

Left-Leaning Party Sweeps to Power in Canada's Oil-Rich Alberta

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Chester Dawson CALGARY--The longtime ruling party of Canada's energy-rich Alberta province lost its four-decade hold on power on Tuesday, ushering in a left-leaning government that has pledged to raise corporate taxes and increase oil and gas royalties. The Alberta ...

New Zealand 1Q Adjusted Unemployment Rate 5.8%; Market Expected 5.5%

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's unemployment rate held steady in the first quarter as participation in the jobs market reached its highest level on record. The seasonally adjusted unemployment rate sits at 5.8%, Statistics New Zealand's Household Labour ...

Yellen Meetings With Financial Firm Come Under Scrutiny

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Pedro Nicolaci da Costa And David Harrison Congressional efforts to press the Federal Reserve for more details about a possible leak have suddenly focused attention on Chairwoman Janet Yellen's contacts with financial firms. Ms. Yellen met in 2011 and ...

Green Spinoffs Open Sector To Investors -- Energy Report

TODAY: May 6, 2015 PUB DATE: May 6, 2015

(FROM THE WALL STREET JOURNAL 5/6/15) By Cassandra Sweet Companies that build wind and solar farms are spinning off some of their renewable-power projects into stand-alone companies, creating a new avenue for green investing. Renewable-energy developers such as NextEra Energy ...

Kocherlakota: First-Quarter Economic Softness Is 'Matter for Concern'

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Ben Leubsdorf and Kelly Schoenfelder MARSHALL, Minn.--Soft economic data in the first three months of 2015 should give Federal Reserve officials pause when it comes to raising interest rates, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Tuesday. ...

Left-Leaning Party Sweeps to Power in Canada's Alberta

TODAY: May 6, 2015 PUB DATE: May 6, 2015

CALGARY--The longtime ruling party of Canada's energy-rich Alberta province lost its four-decade hold on power on Tuesday, ushering in a left-leaning government that has pledged to raise corporate taxes and increase oil and gas royalties. The Alberta New Democratic Party ...

U.S. Trade Gap Widens on Surging Imports -- Update

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Eric Morath WASHINGTON--A stronger dollar and an influx of pent-up imports into West Coast ports are pointing the U.S. economy toward its third quarterly contraction in its six-year-long expansion, reflecting choppy conditions that appear set to restrain growth throughout ...

Yahoo's Marissa Mayer on Microsoft Search Deal, Alibaba Spinoff

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Dennis K. Berman Yahoo chief executive Marissa Mayer said that her company's newly reworked search partnership with Microsoft Corp. was structured to "put more pressure on Microsoft to make the product better," and that the tax-advantaged status of the ...

iiNet Board Backs TPG Telecom Bid Over Rival Offer From M2

TODAY: May 6, 2015 PUB DATE: May 6, 2015

By Rebecca Thurlow SYDNEY--Australian broadband and telecommunications company iiNet's board asked shareholders to back an improved takeover offer from TPG Telecom worth 1.56 billion Australian dollars (US$1.24 billion), putting the ball back in the court of rival suitor M2 Group. ...